Twilio (NYSE:TWLO) Given New $79.00 Price Target at Piper Sandler

Twilio (NYSE:TWLO) had its price objective hoisted by Piper Sandler from $78.00 to $79.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other analysts have also issued reports about the stock. Robert W. Baird reduced their price objective on shares of Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of Twilio from $69.00 to $70.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. Sanford C. Bernstein reduced their target price on shares of Twilio from $70.00 to $68.00 and set a market perform rating on the stock in a research report on Wednesday. HSBC lowered shares of Twilio from a hold rating to a reduce rating and reduced their target price for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Finally, StockNews.com downgraded shares of Twilio from a buy rating to a hold rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $68.59.

Twilio Price Performance

Shares of NYSE TWLO traded up $0.85 during mid-day trading on Wednesday, hitting $59.47. 3,823,024 shares of the company’s stock traded hands, compared to its average volume of 3,234,963. The company’s 50-day moving average is $60.72 and its two-hundred day moving average is $64.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The company has a market capitalization of $10.83 billion, a P/E ratio of -14.83 and a beta of 1.33. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, equities analysts anticipate that Twilio will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the transaction, the insider now owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the transaction, the insider now directly owns 166,773 shares of the company’s stock, valued at approximately $10,244,865.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in shares of Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after acquiring an additional 167 shares during the period. Blue Zone Wealth Advisors LLC raised its position in shares of Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after acquiring an additional 181 shares during the period. Brighton Jones LLC raised its position in shares of Twilio by 1.8% in the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after acquiring an additional 185 shares during the period. Fifth Third Bancorp raised its position in shares of Twilio by 29.0% during the 1st quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock worth $51,000 after purchasing an additional 189 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. raised its position in shares of Twilio by 15.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock worth $112,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.